Determining the price of an aircraft can be a daunting task especially because it involves a lot to evaluate in order to get the right sale price. When carrying out aircraft Valuation, there are so many things to Consider, check our some of the critical ones that you have to evaluate.
First of all, air frame hours and the age. Whenever a plane flies, each hour in the sky, a dime amount of value is gone. While that happens, the aircraft grows smaller, and its value subsequently goes down. Usually it is simple to determine thus a factor, simply the total number of hours flown over the fleet’s average. The total house flew affect the value of the plane. The first thing you can do is to determine the air frame hours as well as the age so as to put the right price.
Secondly, the installed equipment has an impact on the value of the plane. We have quite a number of things to evaluate here, from the technology employed inside the plane, the gear system, the air conditioning, the other supporting systems all of which must be included into the decision to arrive at the right price. Since aircraft’s are equipped with different things, features, it would be good to research to find out the differences in the installations, this would be an ultimate guide to valuing the plane rightly. Also, the engine hours are some other thing to evaluate. You only check how many hours can it fly before landing, if for longer hours then the price would be high, but when it keeps on flying to destination to destination at lesser hours then the value would actually be low.
As if that is not enough, check the records and the airworthiness directives. Normally, the records are very helpful especially when it comes to airworthiness directives and the maintenance needs. We have so many things that the records have, for instance, the purchaser needs to see the airworthiness certificate, the balance data, the weight so as to know what to do. Based on the above things it is easy to value a plane.
How the plane appears in the inside, the layout and the chairs etc. affect the value should f the plane. Just checking the interior, the technology used to design and layout would determine the value of the plane. So check with the interior to know whether it can enhance or lower the price of the plane. Another factor is checking the paint, be careful of the hidden things behind the paint though.
Consider the Dave history as well. First of all, find out the kind of accident that occurred, the degree to which the aircraft was affected etc. Scrutinize the history to value the plane rightly. To conduct an effective aircraft valuation, then you can look at done of the things above.